Indexing is Well Understood

“It is difficult to get a man to understand something when his salary depends upon his not understanding it…”    ~ Upton Sinclair by Barry Ritholtz June 2023 Since the financial crisis, we have seen repeated attempts at attacking indexing all of which have failed — both legislatively and in terms of investors voting with…

Merrill Lynch Capital Markets Report For June

Macro Strategy—Equity Market Climbs A “Wall Of Worry” Yet Again: Moderating domestic demand growth, big energy price declines, loosening labor market conditions, and softening wage growth have boosted confidence in a “soft landing” scenario for the U.S. economy, in which the Federal Reserve (Fed) manages to bring both growth and inflation back to moderate, sustainable…...

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